+1%

est. 2Y upside i

Vertical SaaS

Mainstay delivers actionable data and purpose built tools for the single family rental ecosystem. We empower owners, operators, and residents to act with clarity, unlock opportunities, and build with confidence. Founded within Opendoor, Mainstay launched as an independent company in 2024.

Rank

#2002

Sector

Real Estate Technology

Est. Liquidity

~5Y

Data Quality

Data: Low

This is an extremely early-stage opportunity with no disclosed revenue or valuation.

Last updated: July 19, 2026

Bull (25%)+173%

Revenue reaches $14.4M by month 24 with multiple holding at 16x due to IPO window and category leadership, yielding $230M exit. Net of 15% dilution, upside is 173%.

Base (50%)-34%

Revenue grows to $14.4M but multiple converges to 4.5x (public comp range), implying $64.8M exit. Net of dilution, downside of -34%.

Bear (25%)-100%

Multiple compresses to 2x on slower growth, exit of $28.8M below $44M liquidation preference, wiping out common stock entirely (-100%).

Est. time to liquidity~5.0 years

Preference Stack Risk

severe

Funding Intensity

55%

Total funding of $44M against assumed $80M valuation results in 55% preference overhang, severely diluting common in downside.

Dilution Risk

high

Early stage, likely to raise additional capital, expect 15-25% dilution over 2 years.

Secondary Liquidity

none

No secondary market observed for this private startup.

Operations Design & Strategy — 1 role

Revenue — 1 role

View all 7 open roles at Mainstay →

Last updated: March 10, 2026

Questions to Ask at the Interview

Strategic questions based on Mainstay's data — designed to show you've done your homework.

  • 1

    “How does Mainstay's data moat differ from CoreLogic's and how do you plan to defend against their established position?”

  • 2

    “What is the current revenue run rate and how has it grown month-over-month since launch?”

  • 3

    “What is the expected timeline for a liquidity event and have there been discussions with investment bankers?”

Community

Valuation Sentiment

Our model estimates +1% upside. What do you think?

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Disclaimer: This analysis is AI-generated and does not constitute financial or career advice. Always conduct your own due diligence.